2024 CVE to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CVE to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CVE to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 22, valuing the pair at 87.4356. Conversely, the yearly low was recorded on December 20, dropping to 81.2991.
This high-to-low spread represents a total annual volatility of 6.1364 GNF. From a start-to-finish perspective, comparing the January average rate of 84.9848 to the December average rate of 82.0125, the exchange rate registered a net change of -3.50% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 87.4356 was down 0.64% compared to the 2023 peak of 87.9957, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CVE based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
CVE to GNF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 84.2274, compared to 84.6575 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4301 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 3.8415 GNF (High: 85.2250 / Low: 81.3836). On the other end, September was the most stable month, with a tight range of 1.1280 GNF (High: 87.4356 / Low: 86.3075).
Growth Streaks & Declines
TrendsBetween June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 2.1208 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 86.9412) against the same month in 2023 (average: 83.3223), the exchange rate shifted by +3.6189 (+4.34%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 86.3740 | 84.3905 | 84.9848 |
| February | 84.7989 | 83.4610 | 84.1126 |
| March | 85.3006 | 83.8946 | 84.6198 |
| April | 84.6176 | 82.7845 | 83.6328 |
| May | 84.9536 | 82.6935 | 84.1169 |
| June | 84.9513 | 83.1319 | 83.8976 |
| July | 85.4162 | 83.4546 | 84.6526 |
| August | 87.1902 | 84.0566 | 85.9060 |
| September | 87.4356 | 86.3075 | 86.9412 |
| October | 87.1981 | 84.2833 | 85.2769 |
| November | 85.2250 | 81.3836 | 83.1561 |
| December | 82.7839 | 81.2991 | 82.0125 |